1464 Gaviota Avenue,  Long Beach CA, 90813 (Residential Income)

4,626 sqft
Status: Sold
MLS#: PW16089030
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Last Updated: 12/7/2016 5:43 PM
Description for 1464 Gaviota Avenue Long Beach, CA 90813
The Gaviota property is a highly upgraded and well maintained 3 building, 11 unit apartment complex located just North of E. Anaheim St. thoroughfare, providing ease of access to public transportation and major freeways. Schools, parks and neighborhood amenities are all in close proximity. Current rents are at 20% below market, providing an immediate revenue increase and additional cash flow opportunity. The Gaviota apartments are in a high demand rental location for blue collar workers, resulting in consistent low vacancy rates and increasing rents. Positioned for a Investor who wants a low maintenance property and who is focused on the bottom line ROI!! Fully occupied, the Gaviota property provides an investment opportunity with immediate cash flow increase & a strong medium term gain potential. Long Beach is the 7th largest city in CA and is situated on San Pedro Bay, centrally located near a number of education, employment and entertainment facilities. The city boasts the CA State University of LB, Queen Mary and Aquarium of the Pacific. LB offers fixed and flexible transit, has its own Long Beach Airport, and is in close proximity to the 710, 22, 405 freeways making it one of the most accessible cities in Southern California.
Price
Sold Price:
$1,200,000
Sold Date:09/15/2016
Los Angeles
4,626 (approx)
PW16089030
Closed
Description
The Gaviota property is a highly upgraded and well maintained 3 building, 11 unit apartment complex located just North of E. Anaheim St. thoroughfare, providing ease of access to public transportation and major freeways. Schools, parks and neighborhood amenities are all in close proximity. Current rents are at 20% below market, providing an immediate revenue increase and additional cash flow opportunity. The Gaviota apartments are in a high demand rental location for blue collar workers, resulting in consistent low vacancy rates and increasing rents. Positioned for a Investor who wants a low maintenance property and who is focused on the bottom line ROI!! Fully occupied, the Gaviota property provides an investment opportunity with immediate cash flow increase & a strong medium term gain potential. Long Beach is the 7th largest city in CA and is situated on San Pedro Bay, centrally located near a number of education, employment and entertainment facilities. The city boasts the CA State University of LB, Queen Mary and Aquarium of the Pacific. LB offers fixed and flexible transit, has its own Long Beach Airport, and is in close proximity to the 710, 22, 405 freeways making it one of the most accessible cities in Southern California.
Listing Information
Property Type: Cluster, Other
0.15 Acres 651,700 sq.ft. 4,626 (approx)
$259.4 1922
Yes- 2 spaces
3 Total
Neighborhood
Room Information
Exterior / Lot Features
2 Garage Spaces, 4 Parking Spaces
Sidewalks
Driving Directions
Cross Streets: Anaheim
Financial Considerations
7261015007
$102,708 Income ,$33,660Expense
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90813 has a population of 463,589.

The median household income in Long Beach, California 90813 is $52,900. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Long Beach 90813 is 33.2 years.

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Courtesy: Investment Property Group Todd Hawke
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Information is deemed reliable but is not guaranteed.

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